Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave
ECONOMY & POLICY

Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave

The Karnataka government has cleared projects worth Rs 13,175 crore across the state amid the Covid-19 pandemic, with a JSW liquid oxygen production project being one of the prominent one.

The generation of liquid oxygen by Jindal Steel Works (JSW) is a prominent project which includes a major investment.

At a time, when JSW was the single biggest source of medical oxygen in the state, nearly 440 million tonne (mt) at full extent, an added facility is expected to help Karnataka in the long run and add to the capability of the steel manufacturing major.

The project, sub-leased from JSW steel Ltd will be performed by a subsidiary of its under the name of JSW Techno Projects Management Ltd at Rs 892 crore in Toranagallu, Ballari.

Another important project which obtained approval from the state high level clearance committee (SHLCC) was that of a single unit complex of Indian Oil Corporation Ltd (IOCL) in Chitradurga for accommodation and dispatch of petroleum on a 130-acre land parcel.

Apart from this, the government also sanctioned a major real estate construction of an integrated township at Yelahanka on a land parcel of 211 acre, which will be constructed by Rasasri Tech Park Ltd.

Overall, the government sanctioned 10 projects in the state with three of them being in rural Bengaluru and one in urban districts of Bengaluru. In total, the projects are spread over seven districts.

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Also read: Property registrations across Karnataka halted as state announces lockdown

Also read: Bengaluru Metro Rail Corp extends Metro Airport line tender due to lockdown

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